Cypress Wealth Advisors LLC bought a new position in Antero Midstream Partners LP (NYSE:AM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 44,400 shares of the pipeline company’s stock, valued at approximately $1,289,000.
Several other large investors have also added to or reduced their stakes in AM. Trust Department MB Financial Bank N A purchased a new position in Antero Midstream Partners in the 4th quarter worth approximately $116,000. The Manufacturers Life Insurance Company increased its stake in Antero Midstream Partners by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,347 shares of the pipeline company’s stock worth $177,000 after purchasing an additional 410 shares during the period. Icon Wealth Partners LLC purchased a new position in Antero Midstream Partners in the 4th quarter worth approximately $160,000. Northern Trust Corp purchased a new position in Antero Midstream Partners in the 2nd quarter worth approximately $245,000. Finally, Royal Bank of Canada increased its stake in Antero Midstream Partners by 46.4% in the 2nd quarter. Royal Bank of Canada now owns 8,536 shares of the pipeline company’s stock worth $283,000 after purchasing an additional 2,706 shares during the period. 49.53% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:AM opened at $24.71 on Friday. The stock has a market cap of $4,692.06, a price-to-earnings ratio of 17.65 and a beta of 1.79. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.99 and a quick ratio of 0.99. Antero Midstream Partners LP has a 52-week low of $24.32 and a 52-week high of $35.55.
Antero Midstream Partners (NYSE:AM) last released its quarterly earnings data on Tuesday, February 13th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Antero Midstream Partners had a return on equity of 18.34% and a net margin of 32.74%. The firm had revenue of $210.33 million during the quarter, compared to analyst estimates of $203.43 million. equities research analysts predict that Antero Midstream Partners LP will post 1.72 EPS for the current year.
A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $37.00 price objective on shares of Antero Midstream Partners in a research report on Wednesday, January 17th. Zacks Investment Research lowered Antero Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Credit Suisse Group began coverage on Antero Midstream Partners in a research report on Friday, January 5th. They set an “outperform” rating and a $35.00 price target on the stock. Seaport Global Securities set a $37.00 target price on Antero Midstream Partners and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase reissued an “overweight” rating and issued a $23.00 target price (down from $25.00) on shares of Antero Midstream Partners in a report on Wednesday, March 14th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Antero Midstream Partners currently has an average rating of “Buy” and a consensus price target of $36.92.
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Antero Midstream Partners Profile
Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.
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